NITI Aayog to finalise mechanism for MSP payment by March-end

The Central government might formalise a mechanism to ensure farmers get adequate price for their produce by March after making necessary changes to its own Market Assurance Scheme (MAS) or Madhya Pradesh’s Price Deficit Financing Programme (Bhawaantar Yojana) or procurement by private agencies based on suggestions made by states.

The mechanism is expected to be finalized by March-end, an official statement said after the first meeting between State governments and NITI Aayog.

The meeting was held as part of Finance Minister Arun Jaitley’s Budget announcement directing the Aayog to work out a ‘fool-proof’ mechanism to ensure that farmers